I have some troubles with the setup of Reducing balance for Fixed Assets.
Case: Company : Fiscal year 1/10/2024 – 30/9/2024 (is also the setup in my GL)
Reducing balance 10%
Depreciation profile:
Books:
10/15F
When we acquire a fixed asset on 1/10 è you can see that the depreciations run perfectly.
(Book 10/15Fiscal) Because it runs in the same period as the fiscal year. After 12months it’s depreciated for 8.000 € ( 10% of 80.000)
But if we acquire a fixed asset on 1/5 è the depreciation value changes with the fiscal year and if we take the sum of everything it’s = 7.805,58 (instead of the correct 8.000 €)
It's a difference of +- 200 €
Is it possible to have monthly the same amount for 12 months? – doesn’t matter when you acquired the fixed asset.
No, it's unfortunately not possible if you use the same book for all assets. Based on looking at the depreciation logic in F&O and Microsoft's documentation.
You will have to make a customization to how depreciation is calculation, or use multiple depreciation books with separate calendars. But I'd check with a local CPA first.
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